Ethics Flashcards
1
Q
What are the time requirements for GIPS?
A
The standards require firms to initially show a minimum of five years of GIPS compliant history.
After this minimum, the firm must build up to a track record of 10 years. If the composite has been in existence for fewer than five years, the firm must show its entire history since inception.
2
Q
What must be included in a GIPS composite?
A
GIPS require all discretionary portfolios to be included in a composite
3
Q
how often should a clients financial situation and investment objectives be updated?
A
client’s financial situation and investment objectives at least annually
4
Q
A
CFA Institute recommends maintaining records for at least:
